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, NM

ZIP 88047 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88047

Median Home Value
$109,600
Median Rent
$372
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$704/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88047 in NM, a household would need roughly $30,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $704. That sits below the local median household income ($39,814), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.4%+37% vs US avg
x
Vacancy Rate
24.8%+141% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
0.1%-99% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
72.9%+47% vs US avg
x
Mortgage-Free
61.9%+62% vs US avg
x
$109,600
Home Value
$372
Rent
1993
Year Built
2001
Moved In

Residents have lived here since ~2001 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.7%
  • 1-unit attached0.0%
  • 2-9 units3.2%
  • 10+ units0.0%
  • Mobile home & other36.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$109,600
Median rent$372
Owner-occupied89.4%
Vacant24.8%
Price-to-income2.8x
Est. income to buy$30,000